CARROMARTIN: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CARROMARTIN
Largest movements
- Stocks and contracts -€48,903
down €48,903 (-14.6%), from €334,772 to €285,869
- Receivables within one year -€9,066
down €9,066 (-63.9%), from €14,177 to €5,111
of which Trade receivables: -€9,151
- Tangible fixed assets +€7,108
up €7,108 (+14.7%), from €48,446 to €55,555
of which Furniture and vehicles: +€24,929
- Cash +€6,469
up €6,469 (+38.9%), from €16,643 to €23,113
mainly Stocks and contracts (+€48,903) and Other debts (+€27,783)
- Short-term financial debts -€45,000
no longer reported in 2025 (was €45,000)
- Profit (loss) carried forward -€29,655
down €29,655 (-36.5%), from €81,304 to €51,649
- Other debts +€27,783
up €27,783 (+556%), from €4,998 to €32,781
- Debts after one year -€20,509
down €20,509 (-12.0%), from €170,758 to €150,249
- Current portion of long-term debt +€8,874
up €8,874 (+30.1%), from €29,523 to €38,397
- Gross operating margin -€18,653
down €18,653 (-65.7%), from €28,395 to €9,742
- Financial charges -€3,495
down €3,495 (-20.7%), from €16,914 to €13,419
- Other operating charges +€804
up €804 (+24.7%), from €3,253 to €4,057
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,139 | €369,747 | -€44,392 | -10.7% |
| Fixed assets | 21/28 | €48,546 | €55,655 | +€7,108 | +14.6% |
| Tangible fixed assets | 22/27 | €48,446 | €55,555 | +€7,108 | +14.7% |
| Land and buildings | 22 | €23,340 | €14,843 | -€8,497 | -36.4% |
| Plant, machinery and equipment | 23 | €25,107 | €15,782 | -€9,325 | -37.1% |
| Furniture and vehicles | 24 | - | €24,929 | +€24,929 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €365,592 | €314,093 | -€51,500 | -14.1% |
| Stocks and contracts in progress | 3 | €334,772 | €285,869 | -€48,903 | -14.6% |
| Stocks | 30/36 | €334,772 | €285,869 | -€48,903 | -14.6% |
| Amounts receivable within one year | 40/41 | €14,177 | €5,111 | -€9,066 | -63.9% |
| Trade receivables | 40 | €9,151 | - | -€9,151 | |
| Other amounts receivable | 41 | €5,026 | €5,111 | +€85 | +1.7% |
| Cash at bank and in hand | 54/58 | €16,643 | €23,113 | +€6,469 | +38.9% |
| Total equity and liabilities | 10/49 | €414,139 | €369,747 | -€44,392 | -10.7% |
| Equity | 10/15 | €145,435 | €115,779 | -€29,655 | -20.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Distributable reserves | 133 | €31,860 | €31,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,304 | €51,649 | -€29,655 | -36.5% |
| Investment grants | 15 | €13,670 | €13,670 | = | 0.0% |
| Amounts payable | 17/49 | €268,704 | €253,968 | -€14,737 | -5.5% |
| Amounts payable after more than one year | 17 | €170,758 | €150,249 | -€20,509 | -12.0% |
| Financial debts | 170/4 | €170,758 | €150,249 | -€20,509 | -12.0% |
| Amounts payable within one year | 42/48 | €97,946 | €103,718 | +€5,772 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €29,523 | €38,397 | +€8,874 | +30.1% |
| Financial debts | 43 | €45,000 | - | -€45,000 | |
| Credit institutions | 430/8 | €45,000 | - | -€45,000 | |
| Trade debts | 44 | €17,457 | €24,183 | +€6,726 | +38.5% |
| Suppliers | 440/4 | €17,457 | €24,183 | +€6,726 | +38.5% |
| Taxes, remuneration and social security | 45 | €968 | €8,357 | +€7,389 | +763% |
| Taxes | 450/3 | €968 | €4,488 | +€3,520 | +364% |
| Remuneration and social security | 454/9 | - | €3,869 | +€3,869 | |
| Other amounts payable | 47/48 | €4,998 | €32,781 | +€27,783 | +556% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,598 | €21,748 | +€150 | +0.7% |
| Other operating charges | 640/8 | €3,253 | €4,057 | +€804 | +24.7% |
| Gross operating margin | 9900 | €28,395 | €9,742 | -€18,653 | -65.7% |
| Operating profit (loss) | 9901 | €3,544 | -€16,063 | -€19,606 | |
| Financial income | 75/76B | €181 | €51 | -€130 | -71.9% |
| Recurring financial income | 75 | €181 | €51 | -€130 | -71.9% |
| Financial charges | 65/66B | €16,914 | €13,419 | -€3,495 | -20.7% |
| Recurring financial charges | 65 | €16,914 | €13,419 | -€3,495 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,189 | -€29,431 | -€16,242 | -123% |
| Income taxes | 67/77 | €247 | €224 | -€23 | -9.2% |
| Profit (loss) for the period | 9904 | -€13,436 | -€29,655 | -€16,219 | -121% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,436 | -€29,655 | -€16,219 | -121% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.